Are you planning to invest in Myanmar under the Myanmar Investment Law? Do you know that under the Myanmar Investment Rule notification No. 35/2017 (30th March 2017) it is stipulated that:
Chapter XXII – Insurance
212. Every Investor that holds the Permit or Tax Incentives must have taken out the relevant license in the Union based on the nature of the business:
(a) Property and Business Interruption Insurance ;
(b) Engineering Insurance ;
(c) Professional Liability Insurance;
(d) Professional Accident Insurance;
(e) Marine Insurance; and
(f) Workmen Compensation Insurance.213. This rule does not limit the obligation of the Investor to take out any other insurance policy required under any other applicable law.
Do you know that Myanmar is in an earthquake zone? You have monsoon season from May to October that brings heavy torrential rain, flood and landslide; and cyclone season during the May to December that can pack wind, rain and wave that damage major coastal installations? Are you insuring yourself adequately for all these risks?
We know that finding an insurer in Myanmar who understand your need as a foreign investor is difficult. We are able to provide the quote via a Myanmar licenced insurance company.
If you want to get a quote for insurance premium before you submit your proposal to the Myanmar Investment Commission or before you commit and sign on that big contract in Myanmar then fill up the form below.